Go to HHH home page.
Smart Politics
 


Economic Downturn Scarcely Slowing Political Contributions to Minnesota's U.S. House Delegation

Bookmark and Share

The economic recession of the past year, and its accompanying significant rise in unemployment, rise in home foreclosures and delinquency rates, and drop in the stock market, has not derailed Minnesota's U.S. House delegation from raising money like the recession never happened.

A Smart Politics analysis finds there was a drop in campaign donations of just 3.7 percent during the first two quarters of 2009 compared to the first two quarters of 2007, or roughly $100,000 out of the more than $6 million collectively raised by Minnesota's eight U.S. Representatives during those periods.

From January through June of 2007, Minnesota's U.S. House delegation - which was comprised of its existing membership, substituting Jim Ramstad for Erik Paulsen - raised $3,086,076 in all campaign funds, or an average of $385,759 per officeholder. This includes contributions made by individuals (both itemized and unitemized), PACs, and political party committees.

Through the first two quarters of 2009, the Gopher State's eight members of the U.S. House raised a nearly identical $2,972,822, or an average of $371,603 per member.

This scant 3.7 percent drop in campaign contributions from 2007 to 2009 occurs against the backdrop of a 36 percent drop in the Dow Jones Industrial Average from the first two quarters of 2007 (approx. 12,500) to the first two quarters of 2009 (approx. 8,000). Evidently Americans believe contributing money to Minnesota's U.S. Representatives (including two committee chairs and one ranking member) is still a good investment.

It also comes at a time when the national unemployment rate has increased 93 percent during these two periods - from 4.5 percent to 8.7 percent. In Minnesota, the average unemployment rate through the first two quarters of 2007 was 4.6 percent, compared to 8.1 percent during the first two quarters of 2009 - or an increase of 76 percent.

However, while receipts to Gopher State U.S. Representatives are moving along at roughly the same clip overall, there has been a notable change in what form these contributions are taking today vis-à-vis 2007.

From January through June 2007, the split between contributions by individuals ($1,520,672) and those by PACs ($1,563,859) was nearly identical - 49.3 and 50.7 percent of all funds raised respectively.

In 2009, however, donations by individuals increased by more than $200,000 to $1,751,635, while contributions by PACs fell by more than $300,000 to $1,219,193. Individual contributions totaled 58.9 percent of all money donated during this span, compared to just 41.0 percent by PACs.

In short, while overall it is a wash, Minnesota's members of Congress are having an easier time raising money from individuals than business and other special interests during this economic downturn.

Trend in Campaign Fundraising to MN U.S. House Delegation through First Two Quarters of 2007 and 2009

Contribution
2007
2009
Individuals
$1,520672.16
$1,751,635.97
PACs
$1,563,859.58
$1,219,193.68
Political party committees
$1,544.50
$1,992.47
Total
$3,086,076.24
$2,972,822.12
 
 
 
% Individuals
49.3
58.9
% PACs
50.7
41.0
% Political party committees
0.1
0.1
Note: FEC data compiled by Smart Politics.

Tomorrow's post will examine the trends in fundraising - who's up and who's down - within Minnesota's U.S. House delegation from 2007 to 2009.

Follow Smart Politics on Twitter.

Previous post: Pawlenty on the Rebound? Governor's Approval Rating Reaches Highest Mark in 2009
Next post: Congressman Oberstar to Speak at Humphrey Institute Wednesday

1 Comment


  • The economical downturn has effected all of the world. We have feeling the aftershock right now at Examinare and IT Kroonan AB in Sweden. It is sad that people just dont understand that they really don´t help the subject when they dont invest when they can of course.

    Nice to find this blog and get some feedback from the US.

    Good work. I will continue to follow your blog.

  • Leave a comment


    Remains of the Data

    Which States Have the Longest and Shortest Election Day Voting Hours?

    Residents in some North Dakota towns have less than half as many hours to cast their ballots as those in New York State.

    Political Crumbs

    Mary Burke: English First?

    While multiculturalism and bilingualism are increasingly en vogue in some quarters as the world seemingly becomes a smaller place, one very high profile 2014 Democratic candidate does not shy away from the fact that she only speaks one language: English. In an attempt to highlight her private sector credentials working for Trek Bicycle, Wisconsin Democratic gubernatorial nominee Mary Burke boasts on her campaign bio page how she made great strides in international business dealings...while only speaking English: "Despite not speaking a single foreign language, she established sales and distribution operations in seven countries over just three years." Note: According to 2010 Census data, nearly half a million Wisconsinites over five years old speak a language other than English at home, or 8.7 percent, while 4.6 percent of Badger State residents do not speak English at all.


    Does My Key Still Work?

    Much has been made about Charlie Crist's political transformation from Republican to independent to Democrat en route to winning the Florida GOP and Democratic gubernatorial nominations over a span of eight years. Party-switching aside, Crist is also vying to become just the second Florida governor to serve two interrupted terms. Democrat William Bloxham was the first - serving four year terms from 1881 to 1885 and then 1897 to 1901. Florida did not permit governors serving consecutive terms for most of its 123 years prior to changes made in its 1968 constitution. Since then four have done so: Democrats Reubin Askew, Bob Graham, and Lawton Chiles and Republican Jeb Bush.


    more POLITICAL CRUMBS

    Humphrey School Sites
    CSPG
    Humphrey New Media Hub

    Issues />

<div id=
    Abortion
    Afghanistan
    Budget and taxes
    Campaign finances
    Crime and punishment
    Economy and jobs
    Education
    Energy
    Environment
    Foreign affairs
    Gender
    Health
    Housing
    Ideology
    Immigration
    Iraq
    Media
    Military
    Partisanship
    Race and ethnicity
    Reapportionment
    Redistricting
    Religion
    Sexuality
    Sports
    Terrorism
    Third parties
    Transportation
    Voting